1 October 2023 false No description of principal activity Taxfiler 2024.6 10608156business:PrivateLimitedCompanyLtd2023-10-012024-09-30 106081562023-09-30 106081562023-10-012024-09-30 10608156business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 10608156business:FilletedAccounts2023-10-012024-09-30 106081562024-09-30 10608156business:Director12023-10-012024-09-30 10608156business:Director22023-10-012024-09-30 106081562023-09-30 10608156core:WithinOneYear2024-09-30 10608156core:WithinOneYear2023-09-30 10608156core:AfterOneYear2024-09-30 10608156core:AfterOneYear2023-09-30 10608156core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 10608156core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10608156core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 10608156core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10608156core:PreviouslyStatedAmount2024-09-30 10608156core:PreviouslyStatedAmount2023-09-30 10608156business:SmallEntities2023-10-012024-09-30 10608156countries:EnglandWales2023-10-012024-09-30 10608156core:LandBuildings2023-10-012024-09-30 10608156core:PlantMachinery2023-10-012024-09-30 10608156core:MotorVehicles2023-10-012024-09-30 10608156core:FurnitureFittings2023-10-012024-09-30 10608156core:ComputerEquipment2023-10-012024-09-30 10608156core:Goodwill2023-09-30 10608156core:Goodwill2024-09-30 10608156core:Goodwill2023-10-012024-09-30 10608156core:LandBuildings2023-09-30 10608156core:PlantMachinery2023-09-30 10608156core:MotorVehicles2023-09-30 10608156core:FurnitureFittings2023-09-30 10608156core:ComputerEquipment2023-09-30 10608156core:LandBuildings2024-09-30 10608156core:PlantMachinery2024-09-30 10608156core:MotorVehicles2024-09-30 10608156core:FurnitureFittings2024-09-30 10608156core:ComputerEquipment2024-09-30 10608156core:BetweenOneFiveYears2024-09-30 10608156core:BetweenOneFiveYears2023-09-30 106081562022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10608156 (England and Wales)
Smile Aesthetics Ltd Unaudited accounts for the year ended 30 September 2024
Smile Aesthetics Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Smile Aesthetics Ltd Company Information for the year ended 30 September 2024
Directors
Zainab Al-mukhtar Ahmed Hussain
Company Number
10608156 (England and Wales)
- 3 -
Smile Aesthetics Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
87,598 
109,498 
Tangible assets
5
759,258 
721,714 
846,856 
831,212 
Current assets
Debtors
6
7,637 
15,615 
Cash at bank and in hand
244,610 
331,034 
252,247 
346,649 
Creditors: amounts falling due within one year
7
(153,601)
(184,496)
Net current assets
98,646 
162,153 
Total assets less current liabilities
945,502 
993,365 
Creditors: amounts falling due after more than one year
8
(725,422)
(700,721)
Net assets
220,080 
292,644 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
219,980 
292,544 
Shareholders' funds
220,080 
292,644 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by
Ahmed Hussain Director Company Registration No. 10608156
- 4 -
Smile Aesthetics Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Smile Aesthetics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10608156.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost (Land is not depreciated)
Plant & machinery
20% on cost
Motor vehicles
20% reducing balance
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Smile Aesthetics Ltd Notes to the Accounts for the year ended 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
218,997 
At 30 September 2024
218,997 
Amortisation
At 1 October 2023
109,499 
Charge for the year
21,900 
At 30 September 2024
131,399 
Net book value
At 30 September 2024
87,598 
At 30 September 2023
109,498 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
652,244 
159,945 
- 
26,990 
11,397 
850,576 
Additions
- 
1,215 
103,778 
1,328 
1,299 
107,620 
At 30 September 2024
652,244 
161,160 
103,778 
28,318 
12,696 
958,196 
Depreciation
At 1 October 2023
44,424 
64,191 
- 
14,403 
5,844 
128,862 
Charge for the year
8,885 
32,232 
20,756 
- 
2,539 
64,412 
Surplus on revaluation
- 
- 
- 
5,664 
- 
5,664 
At 30 September 2024
53,309 
96,423 
20,756 
20,067 
8,383 
198,938 
Net book value
At 30 September 2024
598,935 
64,737 
83,022 
8,251 
4,313 
759,258 
At 30 September 2023
607,820 
95,754 
- 
12,587 
5,553 
721,714 
- 6 -
Smile Aesthetics Ltd Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,233 
- 
Trade debtors
- 
13,329 
Accrued income and prepayments
2,426 
2,286 
Other debtors
2,978 
- 
7,637 
15,615 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
58,657 
57,807 
VAT
- 
2,037 
Obligations under finance leases and hire purchase contracts
44,618 
- 
Trade creditors
14,765 
30,114 
Taxes and social security
- 
25,603 
Other creditors
7,409 
- 
Loans from directors
15,620 
49,603 
Accruals
12,532 
19,332 
153,601 
184,496 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
615,893 
645,122 
Obligations under finance leases and hire purchase contracts
109,529 
55,599 
725,422 
700,721 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
44,618 
19,508 
Later than one year and not later than five years
109,528 
36,092 
154,146 
55,600 
10
Transactions with related parties
At the balance sheet date, the total amount owed to directors was £15,620. These balances are unsecured, interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 7 -